Windsor is getting a giant electric vehicle battery plant. Here's what you need to know

Canada's first-ever electric vehicle battery gigafactory is set to open in Windsor, and officials could hardly hold back their glee when announcing the local benefits they say the plant will offer.

Windsor Mayor Drew Dilkens was joined Wednesday by politicians from all levels of government andbusiness executives some coming as far as South Koreaannouncing thelithium-ion electric vehicle (EV) battery manufacturing plant coming to the city.

The plant is a joint venture between Stellantisand LG Energy Solution, and is being supported by the city, province and federal government through incentives and funding.

"For generations, Windsor residents have worked in the automotive industry that first began along the banks of the Detroit River more than 100 years ago. They made their livings, theyraised their families, and they invested in this community," Dilkens said, opening the announcement.

"They laid the foundation of our growth and our success. And now we are more sure today that future generations will be able to realize their dreams here as well."

So, what can Windsorites expect?

2,500 new jobs in next few years

The plant will provide 2,500 new jobs in the region, making it one of the area's top employers.

City andgovernment officials spoke at length about what the injection of new jobs will mean for Windsor, especially after Stellantis' Windsor Assembly Plant cut its third shift, with plans to cut the second shift as well.

"Today is agood day for Windsor-Essex," said WindsorTecumseh Liberal MPIrek Kusmierczyk, at the announcement."This community has seen some valleys but we never lost faith in each other and ourselves."

"Our local roots are in manufacturing and automotive, and we're darn good at it," said Dilkens.

"We've lived through the ups and downs of the global economy and we have lived through the ups and downs of the automotive industry. The men and women who work here never give up hope that there's better days ahead."

Massive factory set to break ground in 2022

Stellantischief operating officerMark Stewartsaid the companies hope to break ground onthe site this year, to be fully operational by 2024.

The massive factory being touted as Canada's first gigafactorywill be the size of about 112 NHL hockey rinks, said Stewart.

The new factory will be built at9865 Twin Oaks Dr.

The factory will supply a "substantial amount" of batteries across North America, said Stewart.

The plant'sannual production capacity of 45 gigawatt hours is equivalent to powering about 5,000 homes, according to a city official.

What the government and city offered

While each level of government has partnered in the deal to create massive incentives to the companies,it's unclear how much funding the federal and provincial governments have kicked in.

Ontario Premier Doug Ford said in a media briefing Wednesday he could not give exact dollar amounts as to what the province or federal governments contributed, saying "It would compromise some negotiations moving forward with other companies."

However, a city official has detailed Windsor's contributions to the project, which is mainly comprised of a multi-million dollar land deal for the space.

The city is buying land for the siteat a cost of between $45 million and $50 million. The citywill then lease the land to the joint venture betweenStellantis and LG Energy Solution.

City of Windsor officials say this offer is conditional and includes a long closing period in the event the companies back out of the deal.

Two parcels of land are still needed a portion owner by Enwin Utilities that the city says involves a process to obtain, and a private residence. The city said they've made an offer to the family of the home, which they are considering.

Windsor is also offering a 20-yearCommunity Improvement Plangrant, aimed at easing property taxes in future to match current rates. No dollar figure was attached to this incentive.

Finally, the city also allotting $8 million toward infrastructure projects to support the new site, such as replacing a drain, if needed.

Premier Ford: This is the largest automotive investment in the history of our province

2 years ago

Duration 9:21

Innovation, Science and Industry Minister Franois-Philippe Champagne joins Power & Politics to discuss news of a new electric vehicle battery facility coming to Windsor, Ontario.

All of the City of Windsor incentives toward the battery factory were approved unanimously by Windsor City council at an in-camera meeting Monday.

During Wednesday's announcement, Dilkens thanked Invest Windsor Essex a not-for-profit organization supported by the city and the county for identifying the opportunity.

"Invest Windsor Essex identified this prospect and worked with the parties to showcase the region and the benefits of the region," said Dilkens, who then thanked the team for their hard work.